Developer Soho China's First-Half Profit Improves 29%

SHANGHAI—Property developer Soho China Ltd. said net profit for the first half rose 29% to 2.7 billion yuan (US$439.6 million) from a year earlier, as rental demand for its office space remained strong.

Revenue increased 83% to 4.75 billion yuan.

In August 2012, Soho China said it would transition to a "build-and-hold" business...